Recap: Caesarstone Q1 Earnings

Caesarstone CSTE reported its Q1 earnings results on Wednesday, May 10, 2023 at 07:00 AM.

Here's what investors need to know about the announcement.

Caesarstone missed estimated earnings by 1600.0%, reporting an EPS of $-0.17 versus an estimate of $-0.01.

Revenue was down $19.80 million from the same period last year.

Last quarter the company missed on EPS by $0.04 which was followed by a 1.69% increase in the share price the next day.

Here's a look at Caesarstone's past performance:

Quarter	Q4 2022	Q3 2022	Q2 2022	Q1 2022
EPS Estimate	0.02	0.26	0.23	0.09
EPS Actual	-0.02	0.01	0.20	0.14
Revenue Estimate	165.72M	182.85M	180.95M	168.02M
Revenue Actual	159.37M	180.73M	180.27M	170.44M

To track all earnings releases for Caesarstone visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.